63,379 Shares of Ford Motor Company $F Acquired by Norris Perne & French LLP MI

Norris Perne & French LLP MI acquired a new stake in shares of Ford Motor Company (NYSE:F) during the third quarter, HoldingsChannel reports. The fund acquired 63,379 shares of the auto manufacturer’s stock, valued at approximately $764,000.

A number of other hedge funds also recently made changes to their positions in F. Ninety One UK Ltd purchased a new stake in Ford Motor in the 3rd quarter worth approximately $25,000. Legacy Wealth Managment LLC ID lifted its holdings in Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares in the last quarter. Caldwell Trust Co lifted its holdings in Ford Motor by 605.8% during the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 2,175 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Ford Motor by 343.3% in the first quarter. SJS Investment Consulting Inc. now owns 2,633 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 2,039 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in shares of Ford Motor in the second quarter worth approximately $31,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Down 3.0%

Shares of F opened at $11.59 on Friday. The business’s 50 day moving average is $13.12 and its 200 day moving average is $13.57. The company has a market capitalization of $46.20 billion, a PE ratio of -6.20, a price-to-earnings-growth ratio of 0.24 and a beta of 1.93. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%. The company had revenue of $48.30 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. Research analysts expect that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. Ford Motor’s dividend payout ratio (DPR) is presently -32.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. The Goldman Sachs Group lowered their target price on shares of Ford Motor from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.50 to $17.50 in a report on Monday, July 27th. Finally, BNP Paribas Exane increased their price target on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.36.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.